Maize Meal Prices To Rise
Monday, December 11, 2017
The association said although consumers will have access to maize meal on shelves, the price of maize meal will rise over the period December 2017 to February 2018.
According to the association chairperson, Nkosi Mwaba, this is a result of local millers being forced to take-up local maize crop at a price higher than the current landed maize prices derived from SAFEX [South African Futures Exchange].
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...